Sunday, August 21, 2016

Financial-Economic Crash Update

Below is an email I just sent to a few family and friends.  There's a tiny bit of editing... nothing important.
Maloney is correct (see link below):  this is undeniable evidence that we're in a Recession; there is no "recovery".  Since '08-'09, we've had a series of weak "dead cat bounces", not just of the Stock Market, but of the entire economy.  They haven't been sustainable.  The current Stock Market is a poor indicator anyway--- it's in an artificial Bubble created completely by the Fed... and the chickens are coming home to roost... probably within a year or so... at most, by no later than 2020 or thereabouts.  Just a guess.  No one knows "when", but there is no more "if".

Sorry, folks, but now there's little to no doubt that we're in for really bad economic times.  Don't believe the Propaganda from the Powers-That-Be.  NeoFeudalism is on its way.

Get out of Mega Banks, get out of the Stock Market, stock up on household goods, hang onto and/or acquire as many hard assets as you can, cash in any T-Bills (Fed Bonds) you might have, squirrel away some cash, and watch the Bond Market rather than the Stock Market.  The current Housing Bubble is predicted to burst anywhere from very soon to no later than 2024.  The Dollar Crash could be anytime... all that's needed is for China, Russia, India, etc. to accumulate a little more gold.  Once China launches a (to some degree) gold-backed currency, the sound of the rush from the Dollar will be deafening.  That's only one event that could bring down the Dollar; there are several.

Once one Sector goes, the obscene, bizarre Financial Derivatives Market (estimated at $1.5 quadrillion) will bring everything down...probably worldwide.  Banks, Mega Hedge Funds, Insurance giants, et. al. are making billions off Derivatives sales (while creating essentially zero jobs in the process), but don't have enough reserves to cover all defaults.  It's 2008-09 on steroids...super steroids.  Be Prepared.

Don't let the State-Corporate Complex mold your mind anymore.  Reject all Edward Bernays style Propaganda Kool Aid.  You can't miss it; they don't even try to lie with subtlety anymore.  It's blatant lying:  "There's no price inflation worth mentioning"; "The unemployment rate is now only 5%"; "The dollar is strong"; "The Fed has it under control...they're doing a great job"; "The recovery is proceeding"; "Some banks are too big to fail [and prosecute]"; and on & on.  Please, enough of the lies.

By the way, this is not a Right v. Left issue.  Forget that paradigm; this is way above that distraction.  To use an educational metaphor:  this is at the post-doctorate level; the Right-Left paradigm is at the second grade level.
Not only my opinion.  Be Well